Onchain

02What People Think

"If it's onchain, it's transparent and true."

03What’s Underneath

A ledger can show that one address transferred a token to another. It may not reveal who controls those addresses or whether a promised physical asset exists.

Recorded data and the real-world facts it describes are different things. Even visibility varies: public and restricted ledgers expose different information, and interpreting a transaction can require specialist knowledge.

Onchain records can make some activity easier to verify and audit. Their value depends on asking a question the record is actually capable of answering.

04The Game

What can the ledger establish directly, and which parts of the story still depend on people, documentation or outside systems?